Revolutionary and ingenious, Tariq Al Habtoor explains that blockchain technology is the brainchild behind the person(s) who created Bitcoin.
According to Tariq Al Habtoor, blockchain technology has created a new type of internet by allowing digital information to be distributed without being copied.
Originally designed for Bitcoin, many individuals within the technology sector, including Al Habtoor, recognize the potential for its use in creating other kinds of digital value.
The information held on a blockchain exists as a shared and continually reconciled database and this way of using the internet has obvious benefits because the blockchain database is not stored in any single location (so the records it keeps are completely public and easily verifiable).
Further, because there is no centralized location or version of this information that exists, it is impossible for it to be corrupted via hacking. Millions of computers host the information simultaneously so the data is accessible to anyone on the internet, at any time.